Inherited house insurance after grant of probate

GeorgeBest

I am the executor of my father's will and my sibling and I have inherited the house 50/50.

I advised the house insurer of my father's death and continued with the insurance as executor. Now that probate has been granted they insist the deeds are transferred to our names. I would rather this was all handled when we sell the property. Is it best to find a specialist insurer or transfer the deeds? I've looked online and the specialist insurers seem to be people I've never heard of.

Yorkshireman99

GeorgeBest wrote: »

I am the executor of my father's will and my sibling and I have inherited the house 50/50.

I advised the house insurer of my father's death and continued with the insurance as executor. Now that probate has been granted they insist the deeds are transferred to our names. I would rather this was all handled when we sell the property. Is it best to find a specialist insurer or transfer the deeds? I've looked online and the specialist insurers seem to be people I've never heard of.

No insurer will insure a property unless the person wanting insurance has what is called an insurable interest. Clearly you and your sibling as beneficial owners do have that even if the property has not been transferred into your names. It will probably be easier to get the Ladn Registry entry changed and stick with the same insurer. Have you spoken to someone senior at the insurer who should understand the concept better than the usual phone operator\/.

GeorgeBest

I telephoned the broker who phoned the insurer to clarify. I tried phoning the insurer myself because I thought it possible the person giving the information did not understand the issue, but was referred back to the broker. I rephoned the broker to see if I could get further clarification but didn't get anywhere.

Yorkshireman99

GeorgeBest wrote: »

I telephoned the broker who phoned the insurer to clarify. I tried phoning the insurer myself because I thought it possible the person giving the information did not understand the issue, but was referred back to the broker. I rephoned the broker to see if I could get further clarification but didn't get anywhere.

It is an everyday event. If the broker can't sort it they are useless so choose one that knows what they are doing.

wwl

Can't see why it can't continue in the name of "the executors of.." until it's sold. Grant of probate shouldn't make any difference as it's just authority to deal with things, not transfer of ownership or interest

Brighty

If i remember rightly, insurers of my parents house said the same, they'd cover the property until probate is granted, as that's when it became mine and my brothers. As we were keeping it to rent out, we just took out a landlords policy at that point

Brighty

SevenOfNine

Our son's home remained insured, buildings & contents, with Legal & General for over 3 months until the day the sale completed.

They put a few exclusions in place because it was empty, did not ask us to change ownership from his name, all in all were sympathetic & obliging.

Mojisola

SevenOfNine wrote: »

Our son's home remained insured, buildings & contents, with Legal & General for over 3 months until the day the sale completed.

They put a few exclusions in place because it was empty, did not ask us to change ownership from his name, all in all were sympathetic & obliging.

The same with Dad's house. We - all the siblings - inherited the house but it stayed in Dad's name and I - as executor - insured it and dealt with the sale. The new owners then changed the ownership details at the LR.

GeorgeBest

I've queried it again with the broker and am waiting to hear back. I'll give Legal and General a try if that doesn't work.

HHarry

I can recommrnd A-Plan who have sorted out unoccupied house insurance following my Aunts death.

Its been set up in the name of 'Estate of Auntie' and they asked me to pop in when Probate is granted and they'll transfer it into my name.

chris2000_2

Insurance during probate - no problem.
Problem started when we sent to probate form and as per the starter of this conversation, that is when they want to change policy and in new owners name (4 in our case), increase the price (whilst the risk clearly has not changed since the death over 6 months ago). Also a new insurance set up fee, and cancellation fee of >£200 if you cancel within 12 months (which is easy money for they know we are selling the house).
Outrageous